Rio2 Limited (OTCMKTS:RIOFF) Short Interest Update

Rio2 Limited (OTCMKTS:RIOFF) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 723,652 shares, a growth of 43.0% from the February 26th total of 506,115 shares. Based on an average daily volume of 1,325,979 shares, the days-to-cover ratio is presently 0.5 days.

Rio2 Price Performance

Shares of RIOFF stock opened at C$1.83 on Friday. Rio2 has a 1 year low of C$0.51 and a 1 year high of C$3.02. The firm has a fifty day moving average price of C$2.37 and a 200-day moving average price of C$1.96.

Analyst Ratings Changes

Separately, Cantor Fitzgerald raised shares of Rio2 from a “hold” rating to a “buy” rating in a report on Monday, January 26th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Rio2 Company Profile

Rio2 Ltd. (OTCMKTS: RIOFF) is a Canada-based mineral exploration and development company focused on advancing gold assets in Ecuador. Headquartered in Vancouver, British Columbia, Rio2’s primary objective is the development of its flagship Fenix Gold Project, a large-scale gold deposit located in the eastern portion of the country. The company’s activities span exploration, feasibility studies, and permitting, with an emphasis on moving the project toward production while maintaining compliance with local regulatory frameworks.

The Fenix Gold Project holds significant gold mineralization within multiple vein and stockwork zones hosted in volcanic and sedimentary units.